State Employees’ Retirement Commission | 2-8d-1 - Payment by Participants of the General Assembly Pension System Who Elect to Purchase Service Under Section 2-8d of the General Statutes

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Regulations of Connecticut State Agencies TITLE 2. General Assembly and Legislative Agencies

Agency State Employees’ Retirement Commission

Subject Payment by Participants of the General Assembly Pension System Who Elect to

Purchase Service Under Section 2-8d of the General Statutes Section

§ 2-8d-1

CONTENTS

Sec. 2-8d-1. Payment by participants to the general assembly pension system who elect to purchase service under section 2-8d of the general statutes

Revised: 2015-3-6 R.C.S.A. § 2-8d-1 - I -

Regulations of Connecticut State Agencies TITLE 2. General Assembly and Legislative Agencies

State Employees’ Retirement Commission §2-8d-1

Payment by Participants of the General Assembly Pension System Who Elect to Purchase Service Under Section 2-8d of the General Statutes

Sec. 2-8d-1. Payment by participants to the general assembly pension system who elect to purchase service under section 2-8d of the general statutes

If an amount payable for purchase of service to be credited to the account of a participant of the general assembly pension fund under the provisions of section 2-8d of the General Statutes is in excess of two hundred dollars, and if the participant so elects in writing, such amount may be paid by equal monthly contributions or by equal deductions from each regular payment of salary provided each such monthly contribution or payroll deduction shall be at least ten dollars and the total contribution due shall be paid not later than December 31, of the year of service which is being purchased, or upon the participants retirement date, whichever is earlier. Interest on such contributions at the rate of five percent per year is to be paid not later than the last day of the month following the payment of the last of such equal contributions or equal deductions; but such service credit shall not be granted unless payment of contributions and interest is completed. (Effective March 19, 1980)

Revised: 2015-3-6 R.C.S.A. § 2-8d-1 - 1 -